Selling Your Home? You Need To Price it Right.

We are starting to hear positive news regarding residential real estate.  Sales are up significantly from last year, inventories are starting to decrease, the Government is urging more short sales and banks are complying.  HOWEVER,  if you are selling your home that does not mean you are in the driver’s seat.  It is still a buyer’s market.  Based on November’s sales and inventory numbers, Miami still has an 18 month supply of single-family homes and condos.  Although that is a significant improvement over November of last year when there was an almost 37 month supply, it is still far from the 6-9 month inventory required in a buyers market.  With less short sale and foreclosure properties on the MLS, the properties that are selling are those that are priced right.